Munich Re Ventures backs Insify as it raises €16.3m in Series B funding

Insify, the digital insurance platform for entrepreneurs, has raised €16.3 million in Series B funding, led by Evli Growth Partners, with continued support from Munich Re Ventures, Accel, Opera Tech Ventures, Visionaries Club, and Frontline Ventures.

The new capital aims to help attain Insify’s goal of delivering financial security for Europe’s freelancers and SMEs through smart, simple, fair insurance that works efficiently for the self-employed.

It reportedly does this through AI-powered, human-focused protection that adapts to the way entrepreneurs work, giving them the confidence to keep building, crafting, and growing without fear of setbacks. Since its last Series A extension, Insify has more than tripled its gross written premiums.

With the new funding, growth will accelerate even further, launching new AI-powered products and expanding the platform’s tools.

Insify brings innovation to some of the most critical elements of SME business insurance: access, clarity, and claims. The platform is already live in the Netherlands, France, and Germany.

The platform’s technology uses data to make onboarding faster and coverage more accurate, minimising paperwork and reducing the risk of gaps in protection.

Koen Thijssen, Founder and Chief Executive Officer, Insify, commented, “This new chapter isn’t just about growth. Freelancers and SMEs deserve protection that meets their bespoke needs, not just one-size-fits-all coverage.

“It’s about giving the builders of Europe’s economy the right tools and ultimate financial security to move forward with confidence. We’re proud to welcome Evli as a partner in this mission to empower them and build an insurance platform that works for entrepreneurs: smart, simple, and radically more supportive.”

Miko Kuitunen, Partner, Evli Growth Partners, added, “We invested in Insify because it fixes a painful gap in SME insurance: fast, personalised and transparent cover without paperwork built solely for entrepreneurs. The team tackles hard problems and ships with both pace and rigour. We’re proud to support them as they scale.”